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Inside Satellite

Chris Forrester

Chris Forrester is one of the most experienced and highly regarded journalists in the field. His insight and analysis, particularly in the satellite and pay-TV arena, is highly prized. He has written for all the major business journals in the sector as well as several national newspapers.

Inmarsat reaps IFE benefits

London-based satellite operator Inmarsat is beginning to reap the rewards from air travellers and their wish to stay connected while in the air. As reported on March 7th, last year’s revenue increased by 5.3 per cent to $1.46 billion in 2018, however, profit after tax was down 32.3 per cent to $125 million. Earnings were […]

March 8, 2019

SES prays for C-band

Unofficially SES is trying to calm investor expectations on the extremely important prospects for some C-band restructuring over the US. The logic is sensible given that a negative Federal Communications Commission (FCC) decision will probably not do its share price a lot of good. On March 5th, SES shares tumbled a worrying 9.16 per cent […]

March 6, 2019

Guggenheim elevates Dish Network to “Best Idea”

Analysts at Guggenheim Securities are backing Charlie Ergen’s Dish Network DTH operation and have marked it as one of its “Best Ideas” list and that Dish “offers the most significant upside opportunity in 2019”. In fact, while Dish makes the key list a previous incumbent, telco giant T-Mobile has been dropped from the listing. Guggenheim […]

March 5, 2019

Telesat adjusts to manage LEO scheme

Ottawa-based satellite operator Telesat, the world’s fourth-largest, is moving some assets around in preparation for its planned multi-billion dollar constellation of Low Earth Orbiting (LEO) craft. The news emerged hot on the heels of Telesat’s financial numbers for 2018, which showed a 3 per cent fall in overall revenue to C$903 million (about €584m). However, […]

March 4, 2019

SES: Reasons to be cheerful

The SES end of year ‘report card’ is in, and in general the results went down well with the market. As investment bank Jefferies’ Giles Thorne was typical and said in a note to clients that SES had a strong finish to the year. “SES outperformed 4Q/2018 expectations (+4.4 per cent ahead on revenue, +1.1 […]

February 28, 2019

Yahlive, SES “strategic review”

Abu Dhabi’s Al Yah (YahSat) and its partner SES are examining various options under a “strategic review” now taking place. SES is due to announce its latest year-end financials next week (on February 27th) and more detailed news as to the next steps for the ‘Yahlive’ business division. However, CEO Sami Boustany explains it is […]

February 22, 2019

C-Band restructuring: ‘Encouraging feedback’

The second quarter of this year should see the Federal Communications Commission (FCC) make its ruling on whether the C-Band Alliance (CBA) of Intelsat and SES can restructure – and sell – 180 MHz of spectrum over the US for 5G take-up. Much of yesterday’s (February 20th) analyst call with senior staffers from Intelsat was […]

February 21, 2019

C-band sale “on track” says Eutelsat

Eutelsat held a meeting and presentation in London on February 18th as part of their ‘road show’ series of post-result discussions. The meeting generated a more positive outlook for the satellite operator, and perhaps needed given that Eutelsat’s organic revenue decline was the worst for the past 10 quarter-year financial statements. Sami Kassab, an equity […]

February 20, 2019

Early interest in GovSat-1

A Luxembourg business event (EU Defence & Security) heard that just one year after its launch by SpaceX, GovSat has sold around 20 per cent of its military and government capacity. It launched on January 31st last year. There is a possibility that a second satellite could be bought. GovSat-1, itself a so-called ‘condominium’ satellite […]

February 18, 2019

Hispasat sale “positive” for SES, Intelsat, Eutelsat

Hispasat’s fleet of 11 active satellites, including the powerful Amazonas pair serving South America, are being bought by Red Eléctrica for €949 million. The Spanish electricity and telecoms company is buying 89.7 per cent of the business, subject to regulatory authority. Sami Kassab, an equity analyst at investment bank Exane/BNPP believes the deal is good news […]

February 14, 2019